Union Finance Minister Nirmala Sitharaman on Monday presented the Budget 2021-22 that aims to boost the economy hit by the pandemic. The economy is projected to contract 7.7% in the current fiscal year, although the government forecasts growth of 11% for the coming fiscal year, after a massive Covid-19 vaccination drive and a rebound in consumer demand and investments. Union Finance Minister Nirmala Sitharaman The media industry welcomed the Budget saying, “Over all it is a good budget with focus on big spending. This is a positive for the media industry.” Saket Kanoria, managing director, TCPL Packaging, said, “Have not had much time analysing it, but seems there is no change in taxation proposals which is good and lot of public spending on infra, which is also good.”